There’s no denying the facts: There are fewer female entrepreneurs and venture capitalists (VCs) than men, and if you look at global standards, the numbers are dire. In 2020, less than 3 per cent of venture capital funding went to female-led start-ups. Singapore fares better, comparatively – a report by marketing research organisation Straits Research states that 54 per cent of the women who seek funding receive it, compared to 56 per cent of men. But underlying this statistic is another hard truth: 41 per cent of female founders have experienced gender bias.
To dissect the numbers and understand how we can build a more equitable ecosystem, Her World brought together two players from different sides of the equation: a founder and a funder.
We sat down with Leung Pui Yan, partner at investment holding firm Vertex Ventures, and Annabelle Huang, managing director of crypto-finance service provider Amber Group, to discuss the current state of the industry
